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20121129
20121207
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
CSPAN
Dec 7, 2012 6:00am EST
direction from the fiscal cliff and talk more about long-term and medium-term economic realities we face. in your written testimony to this committee, you warned against kicking the can down the road indefinitely because of the adverse effect that might have on the economy. it might have. i thought your analysis was definitely something we need to pay attention to. as you observed in the failure to make progress in this area now could signal that we have bigger troubles ahead. the moody's analytics model that you used breaks down about 2028. the reason it does that because at that point, the interest on our national debt will start to cripple our economy. recourse. i'm not sure there is a tax increase on the planet that could suddenly fix that. money fast enough. of argentina. i tend to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about conditions are present. you know when the snowpack has built up to the point
CSPAN
Nov 28, 2012 8:00pm EST
coalition will talk to us on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many have said that the president's approach in raising taxes would act to devastate the economy. ernst and young estimated jobs lost -- a plan that would cut nearly 1 million jobs is a nonstarter. we are working to find a better way. a common-sense way. we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in
CSPAN
Dec 6, 2012 6:00am EST
the problem. >> as we continue to try to solve the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a b
CSPAN
Dec 5, 2012 6:00am EST
higher incomes. significant increases in both are scheduled. as you think about the fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, shareholders take a vintage of a lower rate. i expect you will see more investors realize lower capital gains in order to get lower rates. there is clearly money there. there is clearly money that has interesting, distributional characteristics. that tends to be money that comes from higher income folks. as you think about the political process trying to structure when a package with a revenue goal and a distribution goal, my prediction is you will see at least some of those increases occur. i personally would be surprised if the dividend rate went back up to ordinary rates. the senate would allow it to stay at the capital gains rate, and go it to 15% to 20%. the president initially proposed cutting dividends they the same as capital gains. -- proposed letting dividends stay the same as capital gains. my guess would be t
CSPAN
Dec 5, 2012 1:00am EST
events. talking about the fiscal cliff negotiations. a panel of business voters and politicians discuss health care costs. >> this week, hurricanes and the responses and housing issues. craig fugate and shaun donovan testify about hurricanes and the recovery efforts. on thursday, a testimony before the committee on federal housing administration and physical challenges. here on c-span. >> we have had these explosions of knowledge in medicine. but we have not coordinated care. all of these services we have end up having so many cracks that they are as harmful as the diseases we are treating. you have got to step back and ask, are we hurting people overall on a global level? what are we doing sometimes? now we have got these reports saying, 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the tests we order, the procedures, this is something which is, for the first time, being called out as a problem. >> dysfunction in the u.s. health-care industry. what hospitals will not tell you. his latest is "unaccountabl
CSPAN
Dec 4, 2012 8:00pm EST
thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. -- unlike the rest of the fiscal cliff which effects rates that will apply next year. the patch applies for returns we file early next year. if there is no congressional action, there is an abrupt increase in tax on the 2012 taxable year. in 2011, approximately 4 million people paid the amt. if there is not a patch, 30 million people will be required to pay the amt in 2012, and they will pay an additional $90 billion in tax. very few of them have any idea this is on the table. host: is the irs prepared? guest: the irs is fairly unusual, but in a correct position, that congress will do the responsible thing -- they took the position that congress will do the responsible thing. they assumed congress will enact a package before the end of the year, and i think that was the reasonable thing to do because i believe they will do that. however, it does mean if there is not a patch of the tax return filing season next year will be quite chaotic. >> you can
CSPAN
Nov 29, 2012 1:00am EST
mitch mcconnell to talk about the so- called fiscal cliff. for more, go to our website, c- span.org. grover norquist of americans for tax reform talks about his no tax increase pledge. that is at c-span.org. tomorrow on "washington journal ," julie rovner discusses the health care law. kem dixon looks at the payroll tax cut that was enacted in 2010 and if the white house plans to extend it. then a discussion of whether will be extended and the impact on our current economy. plusher e-mails, phone calls, and tweets. >> on 16 or 17 basis in the united states we have military run schools. the average cost per child per year in those schools is $50,000. almost four times what the rest of the public education costs. the vast majority of our bases used public schools. we could take the money we are spending today, paying every public school system 14 dozen dollars per child, and save billions of dollars per year, and with the same or better outcomes. >> this weekend, you can talk with senator tom coburn about the fiscal cliff and the future of the republican party. the senator has written several books and reports, including the latest, "the de
CSPAN
Nov 29, 2012 8:00pm EST
is for them to say let's do this. people are talking about the fiscal cliff on january 16789 businesses have to start making decisions now projecting the environment they will be in on january 1. let's give those businesses the service, what they deserve and their employees bypassing this middle class income tax cut now. >> i'd just like to add that the chairman and assistant leader part pants in any number of these budget discussions, that, that or the other one. there were several of them. when they went to that table as representatives of the house democrats, they had no instruction except to reach agreement. they shared the values of our caucus but the over riding value was we had to get the job done for the american people. the only thing i said i wanted to see was jobs and economic growth would be at the centerpiece of the discussions and then whatever decisions we would make about investments or cutting them revenue or raising them would center around how we create jobs. that is the way we are going to reduce the deficit by creating jobs. and every step of the way, eve
CSPAN
Nov 30, 2012 6:00am EST
travels to pennsylvania friday to talk about his plan to avoid the fiscal cliff. the event is part of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next several months, he regain
CSPAN
Nov 30, 2012 1:00am EST
. people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth would be the centerpiece of the discussion. whatever decisions we would unmake as far as cuts and revenue or raising them with center around how we create jobs. that is how we will reduce the deficit by creating jobs. every time we came to the idea of bold balance, the rivet a question was the hurdle and it is still does. we cannot get there from here in terms of deficit reduction. you can grow your way he to there, but you have to have the revenue as a confidence-building that we are responsible. we will get the job done. he had ended their meeting to go to so he is not here with us now. why am i
CSPAN
Dec 5, 2012 8:00pm EST
everything he has done. [laughter] and now we can talk about the fiscal cliff. let me start off just by -- we will do the house rules, except we will cut in half. 30 seconds -- then we will have time to elaborate on all this. i want to go through the panel. what do think the odds are that some kind of the deal will be cut by january 1 in order to avoid sequestration and all the tax hikes? mark, i will start with you. >> i think it is 80% that we will avoid sequestration. the question is, though, is this going to be a big enough deal, and will actually be enough of a down payment that it will lead to something else subsequently that will actually avoid the kind of enormous consequences of $16 trillion of debt? that percentage will be lower than the 80%. >> let's come back to the big picture -- in the short term, by january 1 -- will we avoid the cliff? >> i think it is likely that we avoid it. it does not appear that that is going so well. it is so easy for us just to do the things we need to do. i think the real line in the sand is going to be the debt ceiling. i really do think -- i ha
Search Results 0 to 13 of about 14 (some duplicates have been removed)